Premier African Minerals (LON:PREM) Stock Price Up 11.1% - What's Next?

Key Points

• Premier African Minerals Limited shares surged 11.1% on Wednesday, reaching a price of GBX 0.15, although trading volume declined by 54% compared to the average.
• The company has a market capitalization of £127.29 million, a P/E ratio of -2.50, and a debt-to-equity ratio of 0.56.
• Premier African Minerals is involved in the exploration and development of natural resources in Africa, focusing on minerals such as tungsten, lithium, and gold.

Premier African Minerals Limited (LON:PREM - ) shares traded up 11.1% on Wednesday . The stock traded as high as GBX 0.15 ($0.00) and last traded at GBX 0.15 ($0.00). 18,437,246 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 40,365,637 shares. The stock had previously closed at GBX 0.14 ($0.00).

Premier African Minerals Stock Up 11.1%

The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.54 and a current ratio of 0.13. The company's fifty day moving average price is GBX 0.04 and its 200-day moving average price is GBX 0.03. The stock has a market cap of £127.29 million, a P/E ratio of -2.50 and a beta of 0.99.

About Premier African Minerals

Premier African Minerals Limited, together with its subsidiaries, engages in the mining, exploration, evaluation, development, and investment of natural resource properties on the African continent. It explores for tungsten, lithium, tantalum, fluorspar, potash, and gold deposits. The company holds interests in RHA Tungsten mine, Katete REE project, zulu project, and Tinde projects in Zimbabwe, as well as properties in Mozambique.

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